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Appvion Bankruptcy D.I.P. Financing Approved

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The U.S. Bankruptcy Court issued a final order approving Appvion’s post-petition secured financing motion.

As previously reported, “The D.I.P. Facility comprises a term loan in an aggregate principal amount of up to $325.2 million consisting of: (i) new money commitments in the aggregate principal amount of $85 million (the ‘New Money Commitments’; the loans made thereunder, the ‘New Money Loans’) and (ii) a roll-up of existing loans under the Prepetition First Lien Facility in the aggregate principal amount of $240.2 million (the ‘Roll-Up Loans’). The New Money Loans may be drawn in multiple instalments, with up to $65 million of the New Money Loans available upon entry of the Interim Order.”

Read more Appvion bankruptcy news.

The post Appvion Bankruptcy D.I.P. Financing Approved appeared first on Daily Bankrupt Company Updates | Bankrupt Company News.


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